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Collecting Lincoln Memorial Cents

March 13th, 2012 Coins

Even if you've just decided to start collecting coins an hour ago, you probably already have a substantial amount of experience with Lincoln Memorial pennies. Simply reaching into your pocket right now may yield a few, in fact. Pennies with the memorial on the back were first commissioned by President Eisenhower in 1959 and were produced by the billion for the next 50 years. In spite of the fact that these coins likely won't add much value to your collection, given their tremendous numbers, they're still an excellent starting point for budding numismatists.

Why? Given how common Lincoln Memorial coins are, it's relatively easy to complete an entire collection! Though you won't be headlining any coin shows with such a set, it's a great way to get your feet wet and learn how collecting works. If you're ready to take the plunge into a penny collection, your first step is to reach into your pocket and see if there are any ideal specimens.

Keep an eye out for new or recent coins that are clear and relatively clean. Set these aside for collection and use the rest as currency. Each time you go to the store, have a look at your pennies and see if there are a couple that you can use. You can even paw through the penny jar at the convenience store, though be sure to replace whatever you take.

Numismaster.com notes that you should get your hands on a magnifying glass and carefully inspect each coin you want to add to your collection. Note that being shiny doesn't necessarily mean mint condition. Focus on Lincoln's cheekbone and details in his hair - these are the high points of the coin and may reveal wear that you had previously been unaware of.